All new viewers to this board, please consider the following regarding IPIX CEO Leo Ehrlich, a man demonized on this board by some and held in high regard by others. Common sense should lead you to the right decision regarding his goals and efforts on behalf of all stockholders.
He is the largest shareholder - Does it seem logical that he would not be working the hardest of anybody since he has the most to lose if IPIX fails? Do you really think he is on permanent vacation while his potential fortune (in the $1B+ range) goes down the tubes due to his own inaction? Do you believe Dr. Menon, a genius at biological chemistry and drug development, would put his discoveries that he likely believes could win him the Nobel Prize for medicine, would put his life work into the hands of an ignoramus that doesn't know his way around a corporate administration and the financial dealings that entails?
He hired Dr. Bertolino as the Pres. and Chief Medical Officer Do you think that a man of such impeccable standing in both the medical field and the business field as Dr. B agreed to come on board if he didn't see a monstrous opportunity before him both in the breadth of the indications served and the amount of revenues such indications should bring into IPIX? Read his background on the IPIX website, it is hard to believe he has so much education and also had time to earn such a respected medical reputation in practicing medicine. He doesn't go where he can scrounge a job, he goes where he sees the best opportunity for him to succeed personally in earning the most money and developing drugs that will have the most impact on helping vast numbers of people across the world.
He has brought the company to the current time with no debt He has done more with less in terms of finances than most others would even attempt. He has saved the company from bankruptcy, which is what happens to most startup bios, by dilution of shares rather than debt. Many will try and say the dilution is way too much, but it isn't as it still allows small investors to make generational wealth once the partnerships start rolling in and that time span has been shortened to a mere matter of weeks IMO.
He has many, many irons in the fire at the current time This statement can't be verified as Leo has finally learned to keep to himself all matters that aren't legally required to be divulged and to release such info only at the time that is most auspicious for IPIX. Most were stunned to find that a term sheet had been signed, that developers of Brilacidin OM product and sachets were hired, and I am sure there are many other items that have progressed that simply haven't been deemed proper to be released to the public yet. This could be in areas of finance, product development, governmental acceptance, etc. The judgment for this section is based on your gut feeling of the man, is he the real deal or a slimeball. If I thought he wasn't the real deal, then why would I be here? Ilogical to be invested if that is your view of the man. IMO he will be highly acclaimed within months for his leadership of IPIX through the seas of doubt and has set the company up for extremely fruitful returns for all shareholders.
Use logic, not emotion in your DD and you investing. If in doubt, wait until the term sheet is signed and do away with the risk. But to listen to the charges being made against him is more akin to the clamor raised against political candidates and appointees, that being that the true nature of the person is immaterial and the person is a saint or a sinner strictly based on whether he coincides with your viewpoint of a situation.
